Profile
Well-located properties in the core San Francisco Bay Area that offer true value-add opportunities which may include new development, rehab, repositioning and/or releasing. (Or properties that are just good strong income producers that can be acquired at a truly below market price. Not just below replacement cost - below current market.) A property with existing leased or partially leased buildings with surplus land for additional development is desirable.

Quality
We'll be most enthusiastic about properties that will, once repositioned, hold tenancy in soft markets by virtue of Class A location, Class A quality, and supply constraints in the sub-market in which the property is located or other characteristics that make the property a unique asset. Properties that can be upgraded to at least Class B in primary markets will also be evaluated.

Occupancy
0-100%. Properties with partial occupancy or for whom a user has been identified will be favored.

Environmental
Environmentally impaired properties will be considered.

Due Diligence/Closing
We can be responsive and move quickly but expect adequate time to be provided for a due diligence period appropriate to the challenges and risks associated with the property.

Structure
Purchase of 100% fee simple interest preferred; joint venture structures will be considered for an extraordinary opportunity.

Broker Relationship
The firm acts solely as a principal and does not participate in brokerage fees. We will accept submittals from listing brokers only except in the case of off-market deals. Chamberlin Associates will provide fee protection to brokers that bring off-market transactions to the firm provided the property has not been present by another broker and is not currently under consideration.